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CSPAN
Feb 7, 2013 5:00pm EST
substantial tax revenue without raising taxes through economic activity, through job creation. further and perhaps most importantly, it will help put our country within striking range of a long-sought goal -- true energy security. for the first time in generations, the united states with its friend and ally canada will have the capacity to produce more energy than we use, reducing or eliminating our reliance on the middle east and other volatile parts of the world. the argument has been advanced that the oil sands will increase carbon emissions and that failing to build the keystone x.l. will somehow reduce emissions. but let's look at that claim. that's the other piece. let's look at the environmental aspects of this project. today, more than 80% of all new recovery in the oil sands is being accomplished in situ, a technology that makes oil sands carbon footprint comparable to conventional drilling. in fact, the oil sands industry has reduced greenhouse gas emissions per barrel of oil produced by an average of 26% since 1990, with some facilities achieving reductions as high as 50%. t
CSPAN
Feb 5, 2013 8:00pm EST
direction to help make life work for more families. another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and is time-consuming. this time of year especially. think about it. think what they're going through. what tax form are you supposed to fill out? is it more beneficial to file jointly or as a married couple or separately? is a truck or gas mileage deductible? are you forgetting something the irs will give you credit for? and in 1935, the form 1040 was accompanied by a two-page instruction booklet. today, taxpayers have to wade through over 100 total pages of instructions. just filling out a w4 at a knew job is confusing. you really shouldn't need a work sheet to see how many dependents you have. chairman dave camp and his committee are already underway in their efforts to responsibly rewrite the nation's tax laws, as an education policy, health care and all else, tax reform should reflect the priority of working families, and the future they're trying to shape for their kids. if nothing else,
FOX News
Feb 9, 2013 2:30pm EST
city looking like chumps. financial ruin and the highest taxes in the the state take a toll and should the democrats in washington take heed because just this week, a group of them unveiled a 300 billion dollar tax hike they say will help pay down the debt. can america afford it? to ben stein and dagen mcdowell, along with adam lashinsky and gary k, more taxes? >> jumpy, mo yummy, more taxes course not. you hand it it to washington d.c. inefficient, ineffective and every program they've ever run is bankrupt and it's the worst possible thing to do and amazing to watch they said they'd only raise taxes on the so-called privileged few, but everybody got a payroll tax hike and unfortunately, we're hearing from reid, pelosi and unemployment still at 7.9% and we have yet to feel the effects of things to come. >> dagen, i've got to tell you, one way they think you can fix the economy, taxes, taxes, taxes, it's nuts. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already pu
SFGTV
Feb 3, 2013 5:30pm PST
the background like the transition of the different payroll tax incentiv incentives. the tax and treasures office is beginning their implementation but the basic concepts are we we need to help business prepare for a transition. so in your binder is a - is information that we've put together so that if i go to a business association that i hand this out to walk them through. some of this i'm going to highlight on some of this. let's go to the first slide. next thank you. so as your well aware that now we have a 1.5 percent payroll for businesses in the city that have payroll over $250,000 i should say 2 hundred and 50 thousand one dollars. of a business is under 2 hundred and 50 thousand they don't pay the payroll taxed. so the grois receipts will phase over a 5 year period starting the tax year of 2013 so next year. and this phase is is to low both businesses and the city to have a smooth transition so that if for any reason the gross receipts is not bringing in as much money we are operating as a deficit but it the gross receipts is coming in a herself we might phase in in a sh
CSPAN
Feb 6, 2013 9:00am EST
help make life work for families. another step we can take is on taxes. there's a lot of talk about taxes in washington right now. for most families, tax preparation is hard and it is time-consuming. this time of year especially. think about it, think what they're going through. what tax from are you supposed to fill out, is a more beneficial to file jointly or as a married couple or separately? is a truck or gas mileage deductible or are you forgetting something that the irs gives credit for? in 1935, the form 1040 was a concrete but a to instruction booklet. today, taxpayers have got to wade through over 100 total pages of instructions. just filling out at w-4 at a new job is confusing. you really shouldn't need a worksheet to see how many dependents you have. chairman dave camp and his committee are already underway in their effort to responsibly rewrite the nation's tax law. as in education policy, health care and all else, tax reform should reflect the priority of working families, and the future their time to shape for the kids. if nothing else, we must stop putting special in
FOX Business
Feb 3, 2013 8:00am EST
confidence tanking as that payroll tax hike cuts into workers' paychecks. add it all up, is it time to strike calls for more tax hikes? down. i'm brenda buttner, this is "bulls & bears." we've got gary smith, tobin smith, jonas max ferris, and john layfield and susan fox. the white house and democratic leaders still pushing tax hikes. should they be? >> absolutely not, brenda. what i don't understand is how you can propose tax hikes without looking at what the scholars say, the studies say. look, if there was studies out there says raising taxes, great for the economy, i'd get behind it. but you know what, brenda? every single scholarly study for the past 15 years has said one thing: higher taxes, negatively impact growth. it's funny, forget all that, though. if you just look anecdotally, when the left wants to inhibit behavior, whether it's energy consumption or cigarette smoking or any one of the other things they have, what's the very first thing they do? they raise taxes! yet they say in this case, raising taxes is not going to affect economy. >> okay. gary, scholar is something we
FOX Business
Feb 1, 2013 11:00pm EST
the income tax is 100 years old or it look at how much it has grown out. welcome, everyone, i and liz macdonald in for neil cavuto. as you're watching the super bowl, we are continuing to watch our tax rates skyrocket. income tax celebrating its 100 are they this saturday. it was 7% of first started. now, locale hiatus. it's about if we should raise the rates even more. dan mitchell on what rates america will be seen next 100 years. you know, here is the thing. basically we are seeing the income tax celebrating its 100 anniversary. back then, it was unconstitutional to have an income tax. what do you make of the direction the country is in with where they are right now? >> well, this is just an argument for euthanasia. i think 100 years is plenty long enough to have the income tax. what is really tragic is that we would not have the modern welfare state with all the economic damage it imposes if we had not given politician the ability to live levy a broad-based tax like the income tax. but as you point out, it is just going to get worse in the future because we have these out-of-c
SFGTV
Feb 4, 2013 11:30pm PST
tax credits and how that will be applied. who you get into some of the larger entities there's bigger structures and that needs to be careful communicated so that when the time for outreach there's one package of information going out. so the tax and treasurers office have additional staffing for that >> commissioner reeling. >> so of a small business the gross receipt is less than 1 million it's exemption. >> right the first million is not exemption so if you will look at page 2. the whole 2 million is taxable >> yeah, but it's at a different taxable rate. so if you look at that page once you reach over a million that million is a taxable minimum >> so for schedule one 1.75 percent of - the first million is at - the 5 hundred thousand is taxable at the 1 point percent tax rate. >> commissioner. >> what about the businesses that are a combination of the manufacturing and other businesses structure. >> right so going back to i think i think this is where we need to work this out. we're not going out and educating businesses right now. the likelihood you'll by looking at the bigg
FOX Business
Feb 2, 2013 6:00am EST
linda has a comment on the end of the payroll. this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments, i s
CSPAN
Feb 5, 2013 11:00pm EST
questions. one, hamid karzai and david cameron had a meeting to spend a six-month deadline on tax of the taliban. two ambition i pakistan was a political party functioning in society? and two, to think the footprint strategy is fun for the united states in afghanistan long-term? >> the first one is to speak to in terms of where they see the taliban up but i love all an integrated in the mainstream of society. they do have constitutional obligations they seem to uphold that we are also looking with the united states transitions and if ken estanislao. there is a timeline as well in an election to be held in afghanistan. so these are processes and political decisions they must make themselves. and when i say this, i do want to point to the historic ship that pakistan is proactively making. our government has been clear, including all of our stakeholders, which includes the military that pakistan is going to strenuously support all efforts of stabilizing afghanistan and bringing peace to the region because that is the know our vital interests. we live right they are and it's stable and p
FOX Business
Feb 4, 2013 6:00pm EST
california's huge tax increase, but is it already backfiring? also, it started as a few hundred pages. now it is 70,000. tonight, the federal income tax on its 100th birthday. and what does the death of investment club tell us about the overall health of the market? "the willis report" is on the case. ♪ gerri: all that and more coming up. first, the fix that will only create more problems. democrats, once again, pushing for more tax revenue and putting a tighter squeeze on all of us. to get the u.s. out of the financial black hole, but washington only needs to look across the country to california to see how this will play out. with more on this, michael reagan, founder of the rating group. welcome back to the show. great to have you here. i need to get you to comment on to harry reid. this weekend talking about more taxes. he says, the american people are on his side. here he is. >> the american people don't believe in this bustier things. we believe that the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that is where we n
CNBC
Feb 4, 2013 7:00pm EST
pushing for higher taxes. don't take our word for it. listen to what he said last night just before the sboel. >> there is a way to solve the budget problems in a responsible way through a balanced approach that the vast majority of people agree with. if we do there is no reason we can't have strong growth in 2013. we can't b have washington dysfunction getting in the way. >> with all respect, free market capitalism is the best path to prosperi prosperity. more tax hikes will not hurt this economy. let's not push our luck. republicans will block it. we'll be right back. ♪ if loving you is wrong ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. >>> stock market correction today. i still believe rising profits and an easy fed will keep the bull market going -- at least until the president tax bombs us to death again. that's what obama said before the super bowl yesterday which could be the real reason the markets sold off toda
LINKTV
Feb 1, 2013 4:30am PST
. italy -- why small businesses are protesting against tax collectors. and luxembourg -- why illegal immigrants there want to get registered. children are typically raised by tibia will parents, but does it matter if they are a mother and father, or can two fathers or two mothers do just as well -- children are typically raised by two parents. single-sex families are a controversial issue in europe. the number of so-called rainbow families are on the rise, but their legal status varies from country to country. in germany, gay and lesbian couples cannot jointly adopt a child or a baby. they can only adopt as individuals. in france, when the government announced its intention to give homosexual couples equal adoption rights, large crowds took to the streets in protest. >> for these two little boys, having two mothers is nothing unusual. their parents are a lesbian couple. beatrice, seen here, adopted the boys as a single woman. her partner had no legal say in it, and by french law, singles may adopt, but same-sex couples may not. an initiative is under way to change that. for these two
KCSMMHZ
Feb 2, 2013 8:30am PST
. italy -- why small businesses are protesting against tax collectors. and luxembourg -- why illegal immigrants there want to get registered. children are typically raised by tibia will parents, but does it matter if they are a mother and father, or can two fathers or two mothers do just as well -- children are typically raised by two parents. single-sex families are a controversial issue in europe. the number of so-called rainbow families are on the rise, but their legal status varies from country to country. in germany, gay and lesbian couples cannot jointly adopt a child or a baby. they can only adopt as individuals. in france, when the government announced its intention to give homosexual couples equal adoption rights, large crowds took to the streets in protest. >> for these two little boys, having two mothers is nothing unusual. their parents are a lesbian couple. beatrice, seen here, adopted the boys as a single woman. her partner had no legal say in it, and by french law, singles may adopt, but same-sex couples may not. an initiative is under way to change that. for these two
SFGTV2
Feb 4, 2013 11:00pm PST
answer the 1% question. what tax rate would you be willing to be taxed at if people at that level are all taxed at a rate? >> i would go back to the eisenhower rate. you know what eisenhower was taxing people out? 70% to 90%. you want to go back to a rate where there is a supertax on the very rich and millionaires. you want to get rid of the loopholes. look at the capital gains tax of 15%. we are taxing work the barely taxing wealth region but barely tax and wealth. that is the wrong priority. -- we're taxing work but barely taxing wealth. the robin hood taxes an idea whose time has come. radicals light nicholke nicolasy and angela merkel have a tax on currency transactions that would bring in $350 billion a year. some of my heroes are the nurses of this country. national nurses united heal america. tax-loss >>> there are a slew -- tax on wall street. there are a slew of good things that 1%ers are for. >> he is not really offering of a lot. >> he is talking about being taxed less than his assistant. there is a group of patriotic millionaires. it is the belief that you owe backe to
FOX News
Feb 5, 2013 4:00pm EST
fiscal cliff deal, huge amount in tax hikes. not much in the way of spending cuts. are we about to see the sequel? the president is calling on congress to pass another quick fix to avert those automatic spending cuts he originally signed off on, kicking in march 1 income, and this includes new tax revenues. the former south carolina senator jim demint says we have seen how the movie ins and it's not go. okay, jim, spell it out. more tacks and not so many spending cuts. what's the result? >> you have to scratch your head. the federal government will receive historically high tax revenues this year, yet we've double spending. it's a spending problem. the president is not willing to cut spending at this point. he continues to talk about more taxes. even though he promised that this sequester would never happen and if he got his tax increases he would cut spending. >> what are the run republics going to do? we have the president calling for more taxes. what should their response be? >> well, republicans passed in the house last year what they called a fix of the sequester, which they f
CSPAN
Feb 9, 2013 6:20pm EST
-span. >> in his weekly address president obama talks about sequestration and tax policy. then senator lisa murkowski from alaska delivers the republican address. she enters her plan for an energy policy for the u.s.. >> hi everybody. over the last few years, democrats and republicans have come together and cut our deficit by more than $2.5 trillion through a balanced mix of cuts and tax for the wealthiest americans. that is more than both parties say we need to stabilize our debt. i believe e we can finish the job the same way we started it, with a balanced cut of spending cuts and tax reform. and the majority of the american people agree, both democrats and republicans. my preference and the preference of many members of congress is to do that in a balanced way by making sensible changes to entitlement programs and reforming our tax code. as we speak, both the house and senate are working toward budget proposals i hope will lay out this balanced path going forward. wut that takes time and right now, if congress doesn't act by march 1 a series of harmful doubts spending also known as
FOX Business
Feb 7, 2013 8:00pm EST
it. siemens. answers. >> tax train keeps rolling along but spending cuts gets derailed, i'm david asman in for neil cavuto, now they have the republicans number. senate democrats push to delay automatic spending cuts, for another three months, and the same time they demand tax hikes to be in go kind of short-term deal. sounds like groundhog day, and john lay feel said that would drive the economy into the ground, mattie, andoirk connel oh, connel are joining us thank you. we know what the democrats want. they want more responding and higher taxes anyway they can get it. the question is what the republicans are going to do about it. so far they have been snuckerred by the guys, what do you think that the republicans will do? >> i think they should tell them, you got what you wanted. what are you going to do? we knew and said you will get about 40 billion attract dollars by raising taxes on upper income, rich, whatever you want to call them. we still have a deficit over $1 trillion, they said they would run on this like fdr, and andrew jackson, what times are bad, run against rich a
CSPAN
Feb 2, 2013 1:30pm EST
state -- and do it without raising taxes. [applause] stand with me and the over 2,500 construction workers we want to put to work building world class schools for our world class workforce. and while we are at it, let's make sure that those 2,500-plus construction workers newly employed by the j.o.b.s. bill are our friends and neighbors. right now, we have a law on the books that is supposed to require that at least half of the workers on any construction project funded by state or local tax dollars be montana residents, but it's riddled with loopholes and not enforceable. when taxpayer money is funding a project, let's put montana companies and montana workers first. let's work together to close these loopholes and expand this requirement to all projects -- [applause] work together to close these loopholes and expand this requirement to all projects -- not just construction. and let's also significantly increase the proportion of montana workers required on any state or locally funded project. i hope you will join rep. amanda curtis and me to pass this measure so we can put more m
SFGTV
Feb 2, 2013 3:00am PST
business owners have to connect the tax collector. as they scroll down you'll see the permits and licenses you'll need. f a business property register. public health, department of pickup health has any requirements as well as if you locate your truck on a piece of private property i have to interact with the planning department. so all these permits are all listed here and when the yours concludes on view details they'll see what they need to complete and the fees. i can download the form. this is our tax collectors application. and i can go back to the full report to see the rest of the forms with the county there's a fictitious business licenses we are providing information for the state and federal government whatever it's applicable. and some of the other things that are unique to starting a business in san francisco. for example, let's see someone wants to do a consulting business there are certain rules and guidelines to starting a business in your home. we've made easy links so the users can find it easily. building permits should they do any construction work or wait water charges
CSPAN
Feb 6, 2013 7:00am EST
make clear, this is not a tax. this is a benefit. and i would make two points. i would make two points in respect to this specific case that he raises. first of all, all the time and labour was in government, if you were in a private sector rented home and you in receipt of housing benefits, you did not get any benefit for empty rooms but i think that is important. so it is only fai that we treat people in social housing the same way. the second point i'd make is that anyone is away from home, and, obviously, the earnings are not counted and, therefore, the benefits of that person are likely to go up. >> ed miliband. >> mr. speaker, i look forward to them explaining to allison why her paying 25 pounds a week more from april is not a tax on her. [shouting] >> and as for his point, and as for his point about the private renters have to, i think he misunderstands the point of social housing. after this purpose, part of this purpose is to protect the most vulnerable. and according to the governments own figures, and according to the governments own figures, two-thirds of the people
FOX Business
Feb 5, 2013 8:00pm EST
billion this fiscal year even with massive tax hikes and assuming the spending cuts do kick in. congressman tom price pushing the president to balance the budget and says this new report is proof we can't do that by hiking taxes. what about that? we're still going to be deep into the red. >> good to be with you. the president has put forward for different budgets, none of which have ever come to balance. the house republicans have acted responsibly, our budget is yet to balance, so what we will do is put together a budget that balances in a ten-year time. all it does tomorrow it says to the president tell us when you'ryourbudget balances. it is important to do that because we have our principled solutions with the program. liz: used a dozen state when the budget would be balanced, is that it? >> we have had to end dollars deficit of the past four years in the past for budgets by this president have never come into balance ever in the 75 year time frame we talk about budgets. the american people need to know that. it is important the president gets mad because then we could talk
FOX News
Feb 2, 2013 11:30am EST
. every dollar that it spends is taxed or borrowed and it is taxed from we the people. government spending is destructive to the economy. whether it is it discretioninary or not it needs to change now. >> it doesn't matter if it is. feven even if it is it a million bucks here and there. and eric it is worse than that. up said millions and millions, we are in the trillions. it is it an express of 3 trillion . a third of that is it being borrowed. we are spending way out of control and here is a bar chart. i don't know if you can see this right here. the dark part here is it what we are borrowing each year. that is a third of the amount much money . it is it outrageous and they can cut it in every place and they don't do it. >> you can stee the crazy thingings we are spending our money on. chinese swine study. 141,000. let's lookalt the next one. jordanian hooka habitings whampt is that? and reality tv show in india we spend 20 million and amtrak food beverages. 84 million. cram cramcongressman, we have a spending problem. ntake the labor department. you would think that that is one
CSPAN
Feb 2, 2013 7:00am EST
facing the new tax penalties imposed by the affordable care act. [applause] the federal law allows us to shift mental health and other state spending to medicaid sources, saving the general fund nearly $25 million over the biennium. over the next six years, this comprehensive approach will create up to 8,000 new health care jobs and inject over a half billion dollars into our state's economy. and, as i've noted before, we must reduce taxes on businesses to help them bear the increased costs of the affordable care act. but the issue of long-term health care costs remain. as such, i believe we must ask certain medicaid patients to make a modest contribution toward the cost of their own care, and i will insist that nevada be able to opt out of the medicaid expansion program in future years should circumstances change. [applause] beyond medicaid my budget provides additional funding for our state's most vulnerable citizens. it includes more support for autism and early intervention services, piloting 24/7 mental health can care in southern nevada and increased community-based services for ne
FOX Business
Feb 5, 2013 9:00pm EST
. have a great evening. gerri: hello. tonight on "the willis report." a new federal tax policy with the push to make marijuana legal and tax it. obama proposes to delay automatic spending cuts after he blows another budget deadline. and proved that leaders just want more power. not more power to the people. we are on the case. >> that and more coming up, but first the top story story, efforts building in washington to change change, rewrite, remake current marijuana laws including legalizing industrial production and have the federal pot tax. lawmakers quietly working on the bills one was introduced today one from oregon one from colorado calling for the end of federal pot prohibition. when next guest founder and executive director of the drug policy alliance, ethan? >> it is like the repeal of alcohol prohibition. the public says it does not work and is not effective and it cost tens of billions of tax dollars come lead diverts resources and funding organized crime in mexico it is better to have a regulatory policy with state governments controlled with federal government has a modicum
FOX Business
Jan 31, 2013 11:00pm EST
president that said there was no tax increase, and told us about 17 different tax breaks for small business, if you had your faith in this guy before you voted and you you voted for him, and youon a small, or you work for a small, i have a bridge for sale in brooklyn, i live a long a away, come on, this is nothing. nothinbut promises. marko, what about the fact that government, you small be owners never rely on the government, you rely on your own hutzpah you got. we do, and politicians do not create job and small business owners and entrepreneurs like us. but that is also why i can't understand why you cancel our council on jobs because it is those people there are out there in trenches that are creating jobs across small towns and city across america, why would you stop that dialogue and not listen to them. tom. toma, what about obamacare? the question that has been at least last year. was, the uncertainty, the uncertainty, of what it would cost, do you feel any more uncertainty or had any more certainty now we have one month you were our belt? >> we don't feel more certain about
CNBC
Feb 6, 2013 7:00pm EST
economy. well, we cut your tax rates anyway by nearly 25%. what it triggered was falling inflation, falling interest rates and the strongest economic expansion in 30 years. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ no they don't. hey son. have fun tonight. ♪ ♪ back against the wall ♪ ain't nothin to me ♪ ain't nothin to me [ crowd murmurs ] hey! ♪ [ howls ] ♪ >>> global stock market still on a tear. did you know almost 20 world indexes traded at new multi year highs this year already? did you know japan, the hottest of the hot up 3.8% just today? cnbc's seema mody joins us. >> we have seen a revival in global equities. better than expected earnings. easy money from the fed and decent economic data brought fresh money to equitieequities. the s&p 500 and nasdaq trade
CSPAN
Feb 9, 2013 12:25pm EST
regulation in the largest and most strategic tax cuts in state history, unlike our friends in washington dc. [applause]we even accomplished something novel and rare in politics. we kept our word. in 2010, we asked people to increase their own taxes and promised him it would be temporary. that promise will be kept, when proposition 100 sales tax expires in may. [applause]not long ago, we were facing the worst housing collapse in our history, the downturns had cost us more than 300,000 jobs. our state government was bogged down by a $3 billion deficit. now our housing market is on the mend. recovering faster than anywhere in america. we are adding jobs at the swiftest clip in years, nearly 23,000 in november alone. arizona ranks fifth in the nation for job growth during 2012. [applause]the kauffman index recently declared arizona the country's premier place for entrepreneurs. our budget is now balanced. we set aside $450 million in the state's rainy day fund for the next time that crisis strikes. [applause]crime and violence in arizona continues to trend downward. arizona has re
CBS
Feb 6, 2013 7:00pm EST
gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika miller, "n.b.r.," new york. >> tom: still ahead, the federal reserve is the latest target of a cyber attack, are companies taking cyber risks seriously? >> susie: on wall street today, a choppy day of trading with investors focused on new concerns about the outlook for europe's economy, and a new batch of corporate earnings. with more than half of the companies in the s&p reporting, quarterly results have been better than expected. still, by the closing bell, stocks were virtually unchanged. the dow rose seven points, the nasdaq fell three, and the s&p added nearly a poi
FOX Business
Feb 4, 2013 9:20am EST
another, more taxes. and yes, the dow is turning away from backing off from 14,000. here we go, everyone. "varney & co." is about to begin. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. stuart: we are going to call this a news alert. senator harry reid calling for more tax increases. in an interview on abc yesterday, he said tax revenue must be part of any deal to be part of the little defense cuts. here is senator reid. >> the american people are on our side, and america people don't believe in these things. we believe the rich
CNBC
Jan 31, 2013 7:00pm EST
taxation, larry, and you can't tax an economy in the prosperity period. >> look, ideally you would say okay, we're going to freeze government spending at this level and that would mean over time it is going to fall as a percentage of the economy, but you can't ever get congress to do that, right? so it always ends up being something very harsh to get things done. and so this is the consequence that you have to face. at least in the short term. that you're going to have a short-term hit to gdp. but in the long run, the numbers are going to be better for the united states. >> most of that stuff is transfer payments. >> agreed. >> it will not even affect gdp. defense purchases do affect gdp. but to america since nobody ever wants to cut spending -- >> you got to cut somewhere. >> and i would do it right now. >> and it will only happen during bad times, larry. it will never happen during good times. we see that over and over again, when the economy is going gang busters, the government just chooses to spend more. it's in its nature. you have to do it when it's tough. >> lower spending means a s
PBS
Feb 6, 2013 4:30pm PST
as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika mille "n.b.r.," new york. >> tom: still aad, the federal resee theatest target a cyber attack, areompanies taking cyber risks seriously? >> susie: on wall street today, a choppy day of trading with investors focused on new concerns about the outlook for europe's economy, and a new batch of corporate earnings. with more than half of the companies in the s&p reporting, quarterly results have been better than expected. still, by the closing bell, stocks were virtually unchanged. the dow rose seven points, the nasdaq fell three, and the s&p added nearly a point. >> susie: while t
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